December 2008 
There are 42 blog entries for December 2008.
Homes for Sale in Zip Code 30004 - Sales Down, Prices Up, but are They Really?
Monday, December 22nd, 2008 at 2:20pm. 604 Views, 6 Comments.
I suppose it depends on how you spin the statistics and I really don't intend on doing that. The general statistics don't really show a decline in prices and that just doesn't seem to feel right so I set out to separate the market into more manageable segments to see if some segments are performing better than others thereby skewing the total statistics. My hypothesis was that the resale market below $750,000 (this is anywhere bnetween 80% and 90% of the market) was doing something worse than the market as a whole. In other words, one portion of the market might be making the total market appear as a much better market than what most sellers and agents are actually seeing.
As I start this post, let me first explain what I did. My goal was to separate out…
Alpharetta Real Estate Sales Down, Prices Relatively Constant - What Happens Next?
Wednesday, December 17th, 2008 at 9:31am. 495 Views, 0 Comments.
When sales volume goes down and inventory stays the same, what happens to prices? This would be something like Economics .101 - A Middle School/High School level economics question. The answer should be obvious - over time, prices will fall setting in motion a series of events which ultimately will bring inventories back in line with sales volume as the pendulum swings in the other direction. It makes sense, but, it's not what we see hapening in Alpharetta and some other areas of North Fulton. It may mean however that prices will fall, but, conventional wisdom would leave me to believe that it would have alread been happening. This first chart shows the decline in sales volume for Alpharetta:
Sales Volume in Alpharetta 2007 vs. 2008
The second chart here…
The Crystal Ball, Upset Cheerleaders and Real Estate in 2009 Plus a Look Back at 2008
Saturday, December 13th, 2008 at 8:25pm. 686 Views, 9 Comments.
The view out the front isn't as bad as what we see in the rear view mirror, but, the clouds have not parted yet. The Atlanta real estate market, like most around the country is not what it was just a couple of years ago.
It's that time of year again to reflect back on 2008 and bring out the real estate crystal ball to look ahead at 2009. Gary Keller says that we needed to SHIFT. The media reported that it may take decades to recover. We are in a recession. Agents flocked like lemmings out of the industry. Web 2.0 continued to be the most over-talked-to-the-point-of-boredom conversation real estate bloggers thought was important. Sales volume was down. Sales prices were down. Inventory was up. Subprime mortgages tanked the economy and buyers still…
Homes For Sale in Blackstone, Suwanee - Market Update
Wednesday, December 10th, 2008 at 8:33pm. 480 Views, 0 Comments.
I'm putting together a market analysis for a client looking at several neighborhoods. One of the neighborhoods is Blackstone and since I've never written anything about it, I figured that now would be as good of a time as any to post some market statistics for anyone else who might be interested.
Blackstone is a Pulte neighborhood located in the northeast section of Fulton County in the City of Suwanee with its entrance running south off of McGinnes Ferry. The neighborhood itself is one that is remarkably level for the area and that means lots of homes sitting on good lots. It also means more homes on slabs than in some other areas where the topography is more conducive to basements. The neighborhood, like most newer home communities in the area, has swim…
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